Wockhardt’s raking in the moolah at the markets today! Know why

Shares of pharma major Wockhardt trade near 1-month highs as traders ramp up second rung pharma stocks after leading drug companies posted smart gains the previous day.

Wockhardt gained 3.9 percent at 1,512 rupees. It was the top traded stock future in the derivatives market where both Open Interest and contract volumes showed an uptrend for the stock. Open interest gained 5.1 percent over Monday and Volumes were up 22 percent over the same period.

A rise in open interest coupled with higher volumes and price generally result in a further uptrend on stocks.

(Image: Indiatimes)